Points To Consider Before Getting An Insurance

MAK — Mon, 15 Feb 2010 12:05:00 +0000

We are living in such a world where many insurances are available that sometimes we don’t even know which insurance is made for us and which is not. The insurance agents will try their best and might succeed most of the time to make you buy the insurance policy which you don’t actually need or of something that you just don’t possess. If you say that what’s the big deal in it then let us assure you that it is nothing but a hole in your pocket. In short you might be losing your valuable money. Not only that, it happens sometimes that a person might buy an insurance policy of something that is not of that market value but he is paying to the insurance company like it’s the best in the market.

I have tried to formulate some points that might help you understand and make you think about the insurance policies that shouldn’t be bought. These are

1. If you possess a car that is of an obsolete model or of a very old model that has no market value, then there is no such need of buying a comprehensive and collision coverage for that car.

2. You should ignore buying maximum personal injury protection coverage (PIP) for your car, if you already have a health insurance policy and make sure that it includes that.

3. There is an insurance that is known as Roadside Assistance. If a person belongs to some automobile club then he basically don’t need that.

4. If you have bought a vehicle that is on lease or let say it is a new car with some warranty undoubtedly then you basically don’t need Mechanical breakdown insurance.

5. Rental car insurance is basically included in the full coverage policy. So if you have one then you don’t need the rental car insurance.

6. You don’t need a life insurance if you don’t have anyone neither children nor wife or parents etc.

7. If you already have a health insurance policy then you don’t need travel insurance.
8. You don’t need to buy an Extended Warranty on Appliances, since they might cost a person than a new one.

9. There are a lot of problems in buying insurance on outstanding credit card balances which might be really costly and affect your fiscal life.

10. If you have life insurance policy then you doesn’t need to get credit insurance.

If you really follow the above 10 guidelines then mind you that you will feel a greater sense of comfort in your financial life and might come out of any fiscal crisis.

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5 Tips For Claiming Your Auto Insurance

MAK — Mon, 08 Feb 2010 12:48:00 +0000

In case of accidents or minor damages you should be able to recognize when and how to claim car insurance. Claim it before it’s too late and you are obliged to pay the damages out of your pockets.

Following are some tips to consider while deciding to claim your insurance.

Prepare Before Claiming Insurance

Every time you call up your insurance company to ask whether you can claim insurance, those calls are being recorded. You need to keep your records clear and clean and therefore dialing those numbers to the insurance company first sit down and weigh out the situation by analyzing the damages and working out the cost to see if you can pay for it.

Whether it is your fault or not, sit down and calculate the damages it might be possible that you can pay it off without experiencing any financial hardship.

Fill Up the Auto Accident Worksheet

Before you claim your insurance it is important that the proof and evidence of the accident be recorded. Only after a thorough investigation and analysis you will get your auto claim. Insurance companies are sitting in the market to perform a business; they are no dumb idiots who will lend out the money to cover such expensive boundaries. They will require full proof evidence backing up your story. This is the case in any claim filing for insurance.

This worksheet is to be printed out and provided in physical form along with the mentioned documents supporting the incident. Make sure to have witnesses who saw the accident and it should be properly documented. Probably police complains or reference could help you out here.

Contact Insurance Company Quickly After Crash

If you have identified that you will require the help of your insurance company and you really need to file the claim, than you got to do so immediately. This is because if you linger to long thinking whether you should approach you insurer than it might be possible that the other side have already approached and taken the first hand advantage in this accident. To avoid this even if it isn’t your fault, approach your insurer as quickly as possible since they can help you out of the mess as an advocate.

Await for the Other Side’s Call

Everything involving the insurance company will be bound to get messy and legally dirty. Therefore if there has been a disagreement on the site of the accident be ready that the other insurance company will call you for your details and versions of the accident. To handle this situation, document your conversation with the client and note down the insurance company’s name and the agent you had a talk to. You never know what information or evidence may come handy if things get out of hand.

Triumph At the Sight Of Your Fixed Car

The last stage is to get your car fixed after the battle of the insurance companies. Once you have obtained the claim. Your insurance company will call up and notify you of sending over an insurance adjuster to magnify the body damages if any on the car. Or they will kindly request you to make your car appear at any of the nearest pre-approved shop to get it fixed and all new as before.

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